David Beckham and Gary Neville complete Salford takeover as rest of Man Utd Class of 92 relinquish their stakes
DAVID BECKHAM and Gary Neville have completed a takeover of Salford City.
The former Manchester United duo clubbed together with other members of the Class of 92 to buy stakes in the club in 2014.
But now Nicky Butt, Ryan Giggs, Phil Neville and Paul Scholes have relinquished their ownership.
Majority shareholder Peter Lim also departed in 2024, leaving Beckham and Neville to seek fresh investment.
And they have found that in the shape of Declan Kelly, founder of US-based advisory firm Consello, and Lord Mervyn Davies, chairman of the Lawn Tennis Association.
According to The Athletic, they have invested between £11million and £15m to bolster Salford's infrastructure and sporting ambitions.
But Kelly and Lord Davies are understood not to be taking on active daily roles in the club, with Beckham and Neville hoping to appoint a new chief executive while Butt, Giggs, Scholes and Phil Neville are expected to stay on in other non-stakeholder roles at Moor Lane.
Salford enjoyed four promotions in five years once the ex-United stars initially bought in.
The 2024-25 season was their sixth consecutive campaign in League Two.
The Ammies finished eighth, missing out on a play-off spot by just one point.
It is said the celebrity owners are targeting two promotions to the Championship within the next five years.
Beckham, who also owns MLS outfit Inter Miami, told The Athletic: "I will be over every big decision that’s made and every little decision that’s made.
"That’s what my commitment is to Gary. It’s what my commitment is to the club.
“We’re definitely not doing it for a laugh and it’s also not for the romantic side of things.
“Yes, we care about the club — but we’re doing it to win. We want Salford to be successful and we have had success, but then we want it to go on to the next level.
“I always dream big so I’m always going to want us to get to the pinnacle of football and be in the Premier League.
"But there’s a lot of hard work and a lot of investment to be done up until that point.
“The Championship is a league that we want to get in but it’s step by step. We want success very quickly but these things take time.
“There’s a reason why we’re not going to be going up this year. So what is that reason? How do we solve it? And what do we need to put around the team, the manager and the club to ensure we have that success?
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“But if we can do that, fast forward it and be up in the Championship, that’s what the dream would be.”
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